Energy News

 

UK Moves to Limit Revenues of Low-carbon Energy Producers

Oct 12, 2022

Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billions of pounds for consumers.The 'Cost-Plus-Revenue Limit' forms part of a broader energy…

Quote of the Day: Carl Trowell, CEO, Acteon Group

Oct 11, 2022

In a recent interview with Offshore Engineer TV, to be published in the September/October edition of Offshore Engineer, Carl Trowell, CEO, Acteon Group, discusses how his company is balancing the transition to 'new energy,' putting in perspective…

India Offers 42 Hydrocarbon Blocks in Latest Auction

Oct 11, 2022

India is offering 26 oil and gas blocks and 16 coal bed methane blocks in its latest exploration licensing round, according to the country's upstream regulator, as the world's third largest oil consumer seeks to boost local output.'There is…

India Will Weigh What Russia Has to Offer on Sakhalin-1 Ownership Revamp

Oct 11, 2022

India maintains a 'healthy dialogue' with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters.   Russia last week issued a…

Gazprom: NATO Mine Destroyer Device was Found at Nord Stream 1 in 2015

Oct 11, 2022

A spokesperson for Russian energy giant Gazprom said on Monday that a mine destroyer discovered at the Nord Stream 1 offshore gas pipeline in 2015 belonged to NATO. Nord Stream reported on that date in 2015 that a 'munitions object' had been cleared by the Swedish armed forces…

Seajacks Wraps Wind Turbine Installation Campaign at Japanese Offshore Wind Farm

Oct 11, 2022

Eneti's offshore installation services firm Seajacks International has recently completed the installation of all 33 wind turbines at the Akita & Noshiro offshore wind farm located off the Japanese Akita Prefecture coastline.The self-propelled jack up vessel…

Shelf Drilling Scores 5-year Contract for Recently Bought Jack-up Rig

Oct 11, 2022

Offshore drilling firm Shelf Drilling has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf.The contract value for the firm period, including mobilization revenue…

Westwood Sees Offshore Wind 'Skyrocketing' with 135 GW of New Capacity Up for Grabs

Oct 11, 2022

Energy intelligence group Westwood said Tuesday it saw skyrocketing offshore wind growth with 135 GW of new capacity on offer to developers, equivalent to nearly 2.5 times today’s 55 GW market.This is bolstered by new market expansion with over…

Shell Orders Solar-powered Offshore Platform from Malaysia's MMHE

Oct 11, 2022

Malaysia Marine and Heavy Engineering (MMHE) has secured a contract from Shell in Malaysia for the engineering, procurement and construction (EPC) services of the offshore platform for the Rosmari-Marjoram gas project. The project is located off the coast of Sarawak…

Qatar Wants to Speed Up Development of Namibia Offshore Oil Discoveries

Oct 11, 2022

The head of QatarEnergy, who is also Qatar's energy minister, said on Monday the company wants to speed up the development of two oil wells it discovered off the Namibian coast with joint venture partners earlier this year.Saad al-Kaabi said…

Japan to Decide Steps on Sakhalin-1 in Consultation with Partners

Oct 11, 2022

Japan will decide what to do about the Sakhalin-1 oil and gas project in Russia's Far East in consultation with its partners as it reviews details of a decree by Moscow, Japanese industry minister Yasutoshi Nishimura said on Tuesday.Russia last…

Ecuador to Launch Auction for Offshore Blocks in 2024

Oct 10, 2022

Ecuador is planning to offer, most likely in 2024, blocks for offshore exploration and production of natural gas at the Gulf of Guayaquil, following auctions for onshore areas to be completed next year, Energy Minister Xavier Vera said on Monday…

Baltic Sea Island Bornholm Suffers Temporary Power Outage

Oct 10, 2022

A Danish Baltic Sea island suffered a temporary power blackout on Monday as a local grid fault caused the transformer feeding electricity from Sweden to shut down, Energinet and E.ON said.      Danish transmission system operator Energinet said…

Bekaert Invests in Smart Mooring Solutions for Floating Wind Farms

Oct 10, 2022

Bridon-Bekaert Ropes Group has said it has concluded an investment and commercial partnership with TFI Marine, Dublin, Ireland, to accelerate the go-to-market of digital-enabled mooring solutions for floating offshore wind farms.'As part of this strategy…

UK: The Crown Estate Gives Update on Celtic Sea Floating Wind Seabed Leasing Process

Oct 10, 2022

The Crown Estate for England, Wales, and Northern Ireland has updated developers on the design of the tender process for seabed leasing for floating wind energy in the Celtic Sea. The Celtic Sea program is intended to provide 4GW of renewable energy capacity by 2035…

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